1 month on rocket

505 Fountain St NE, Grand Rapids, MI, 49503

$600,000

Home List Price

$7,125*

Closing Credit

0 Baths
Multi

Location

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505 Fountain St NE, Grand Rapids$600,000

Buyer Closing Credits

$7,125*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingConcrete
Year Built1900
HeatingForced Air, Natural Gas
CoolingCentral Air
BasementYes
MLS #65024058771
Lot Size0.15 Acres
StatusActive

About 505 Fountain St NE

Beautifully maintained and meticulously cared for 3-unit in the heart of Heritage Hill. Perfect for owner occupant or to add to your portfolio. Great rental history. The exceptional 2 floor owner's unit boasts many historic features - original hardwoods, original wood trim and leaded glass windows and includes 2 bedrooms, one with walk in closet, office, spacious living room with fireplace, sunroom, updated kitchen with canopy hood vent and island, dining room with beamed ceiling, and 1.5 baths. The second and third floors both feature a 1 bed/1 bath apartment in great condition. Almost everything has been updated including roof, A/C, electrical, plumbing, storms, landscaping and more.

Property Details

Property Features

Property Information:

  • Year Built: 1900

Listing Office:

  • Office Name: Compass Realty Services
  • Office Phone: (616) 855-5830
  • Listing Agent: Allison V Koetsier

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: Concrete

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Michigan to College, S to corner of College and Fountain.

Price Information

Listing Price Info

Price Summary:

  • List Price: $600,000

Tax Information:

  • Annual Amount: $6,071
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Grand Rapids, MI.

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Grand Rapids, MI

City

Med. Sold Price

$311.5K

Med. Price/SqFt

$185

Avg. Days On Market

28

# of Sold Homes

263

505 Fountain St NE vs Grand Rapids

54 DAYS ON ROCKET

+26 Days

$600,000

+$288.4K More

KEY TAKEAWAY

This property is $288.4K more than the Median Sold Price in Grand Rapids, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Greater Regional Alliance of REALTORS
  • MLS Number: #65024058771

Listing Office:

  • Office Name: Compass Realty Services
  • Office Phone: (616) 855-5830
  • Listing Agent: Allison V Koetsier

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/4/2025, 11:56:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 10, 2019Home Sold
$393,000
Jul 24, 2015Home Sold
$299,000
Apr 08, 2013Home Sold
$255,000
May 15, 2007Home Sold
$170,000

Tax History

YEARPROP. TAXASSESSMENT
2021$6,071$205,800
2020$6,070$186,200
2019$5,725$165,700
2018$5,772$161,600
2017$4,228$145,300

History based on county public records data.

Payment Calculator

$3,062

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,865

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-466538
6
/10

  • Congress Elementary School

  • 940 Baldwin St SE

  • 0.64 miles

  • Public District Grades PK-5

school-card-donut-466539
3
/10

  • Coit Creative Arts Academy

  • 617 Coit Ave NE

  • 0.75 miles

  • Public District Grades PK-5

school-card-donut-466540
8
/10

  • Grand Rapids Child Discovery Center

  • 409 Lafayette Ave SE

  • 0.75 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $40,697. The most common annual income of people living in Grand Rapids, MI is between $35k-100k. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Kent County›Grand Rapids›49503›505 Fountain St NE

This home is located at 505 Fountain St NE in Grand Rapids, MI and zip code 49503 in the Heritage Hill neighborhood. This home, which was built in 1900, sits on a 0.15 acre lot. It has been listed on Rocket Homes since November 11, 2024 and is currently priced at $600,000.

In December 2024, from all listings sold in Grand Rapids, MI there were more than 79 sold above asking price, over 140 sold below and more than 44 were sold right at the asked price. The number of homes for sale in Grand Rapids, MI decreased by 20.6% between November 2024 and December 2024. In December 2024, listings were on the market for 28 days. During the same period, the median list price in this real estate market was $311,526.

From Rocket Homes Real Estate and based on county public records data.

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